Blockchain Weekly | Bitcoin fell after seven weeks of rising, weekly new address -22.18%

In the 23rd week of 2019, from the data of nine dimensions, analyze the development trend of the encrypted digital currency industry in the past week, and explain a more realistic blockchain for everyone.

Focus:

In the past seven days, the global hot trend of Bitcoin has decreased from last week, and market sentiment is equal to last week. The details are as follows:

Total market value of cryptocurrency: -7.92%

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Bitcoin BTC price: -6.07%

Bitcoin weekly trading volume: -4.31%

Weekly new address: -22.18%

Weekly active address: -8.56%

Bitcoin network computing power: +2.98%

This week, Bitcoin has fallen back from a minimum of $8,700 on Monday to around $7,500 and is now back to $8000. Among the TOP100 currencies, there are 31 rising currencies and 69 falling currencies. Both Bitcoin's new and active addresses have dropped significantly, indicating that BTC investors' attendance and activity have dropped significantly. At this stage, it is in the accumulation period before the big bull market. It is suitable to adopt the “fixed-rated investment method”. When there is a big drop, the purchase can be appropriately increased. Usually, more books are read and more coins are used.

First, the weekly market value trend:

Over the past week, the total market value of cryptocurrencies has fallen from $275.971 billion to $254.105 billion, with a total market capitalization of -7.92%.

Among them, bitcoin BTC price: -6.07%, Ethereum ETH price: -6.95%, Ripple coin XRP price: -9.67%, bitcoin cash BCH price: -7.30%, EOS price: -12.51%, Litecoin LTC price: +10.80%.

(Chart source: coinmarketcap)

Second, the weekly trading volume list:

Bitcoin weekly trading volume decreased from 143.636 billion US dollars last week to 115.14 billion US dollars this week, and weekly trading volume: -19.78%.

The top 10 currencies in the past 7 days of digital currency trading volume are: Bitcoin BTC, TEDA USDT, Ethereum ETH, Litecoin LTC, EOS, Bitcoin Cash BCH, Ripple XRP, Wavefield TRX, Ether Classic ETC, BCHSV . This week, the big zero coin ZEC and the coin Ancoin BNB fell out of the top ten. The specific data is as follows:

(Chart source: coinmarketcap)

Third, the number of new addresses and active addresses:

(basic indicator reflecting the internal value of Bitcoin)

In the past seven days, the new address of Bitcoin has risen from 2,778,347 last week to 2,161,886 this week, and the new address of the week is -22.18%.

In the past seven days, the active address of Bitcoin has risen from 5,870,991 last week to 5,368,413 this week, and the weekly active address: -8.56%.

Bitcoin's new address and active address have increased, indicating that BTC investors' attendance and activity have increased.

Fourth, the whole network computing power trend:

Bitcoin's total network computing power increased from 52.93EH/s last week to 54.51EH/s now, and the total network computing power: +2.98%.

At present, the income per T is 1T * 24H = 0.00003371BTC, and the next difficulty is predicted to be (+2.68%) 7.66T. The median block volume in the past two weeks is 1.23M, and the number of unconfirmed transactions is 6,966. For May 7, 2020.

(Chart source: btc.com)

V. The proportion of the total market capitalization of mainstream currencies:

The current global cryptocurrency market bitcoin BTC market value accounted for 55.64%, Ethereum ETH accounted for 10.20%, Ripple XRP accounted for 6.69%, bitcoin cash BCH accounted for 2.76%, Litecoin LTC accounted for 2.95%.

(Chart source: coinmarketcap)

Sixth, Google Trends:

Google Trends shows how many keywords are searched globally by analyzing Google’s billions of search results worldwide.

Look at the Google Trends keyword "BTC USD", which can be used to measure the growth trend of Bitcoin users:

The five countries with the highest global “bitcoin” are: Nigeria, South Africa, Austria, Switzerland, and the Netherlands.

The five countries with the highest global “blockchain” are: Zimbabwe, Nigeria, Ghana, St. Helena, China.

Seven, bitcoin sentiment analysis:

Bitcoin market sentiment was the same as last week, both fear:

(Chart source: alternative.me)

Note: Bitcoin panic and greed index: 0 means "extreme panic" and 100 means "extreme greed". When investors become too scared, this may be a buying opportunity; when investors become too greedy, this means that the market will adjust, which may be a selling opportunity.

Eight, DApp turnover:

The total transaction volume of the top ten DApps based on the Ethereum blockchain is: 217 million RMB

The total transaction volume of the top ten DApps based on the EOS blockchain is: 464 million yuan.

The total trading volume of the top ten DApps based on the wave field blockchain is: 499 million yuan

Ethereum DApp rankings:

EOS DApp leaderboard:

Wave field DApp rankings:

(Chart source: DApp.review)

Nine, blockchain activity index:

The current blockchain activity index ranks TOP10 as: EOS, KIN, TRX, BTS, STEEM, BTC, ETH, TFD, WAX, TLOS.

(Chart source: blocktivity.info)

Author: Xuejun currency

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